Trading Focal Points -- "A Leap Of Faith"...

Quoting aahmad29

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{quote} Thank you so much for answering my question. Initially i thought you wont answer it because it is very basic question. I was doing testing your method on Gold by using M1 time frame during NY session. All of my trades (8 trades) hit TP but i wasnt sure about stoploss or drawdown. I have two more questions. First question is that in above picture which posted , then it means that price hit SL but eventually hit TP(yellow dotted lie)? am i correct? and my second question is that if i have two focal points in trending session and there is no...

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Quoting parisboy

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{quote} It is the same procedure . The Focal Point is Halfway between a Top and a Low. Hence it depends of the direction of the Trend. If the trend is bearish the Top is ABOVE the Focal Point you calculate from the Top to the Focal Point If the Trend is bullish the Low is UNDER the Focal Point you calculate from the Low to the Focal Point

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Quoting aahmad29

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My favourite XAUUSD, M1 Time Frame is in progress {image}

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Quoting aahmad29

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{quote} I have one question that what is the reason that target line changes its location. I am attaching both charts. {image} {image}

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Quoting robots4me

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{quote} Look at FP2 -- the purple circle -- its location has changed. You might ask why is that? This is a side-effect of the backshifted SMA lines. Though the SMA lines appear to extend all the way to the right-hand-side, they really end many bars to the left. The most current portions of the SMA lines are simply extrapolated / extended to Bar[0]. If the market has not recently changed then you usually won't notice a difference. But if the market is currently changing then as more recent bars begin to affect the SMA lines you'll see a change in...

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Quoting aahmad29

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Another trade is closed with achieving Target price in M1 time frame. It is not easy to monitor constantly and i found many variations. Once blue circle appeared and then purple circle appeared and blue circle disappeared but i stick with my first signal and hit TP. {image}

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Quoting robots4me

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{quote} @aahmad29 -- this is great. Thank you for sharing your charts and trades. I'm following along and learning from you...

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Quoting aahmad29

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{quote} Thanks but sorry I won’t be posting more charts because I have work tomorrow. If I finish early then will take a look at Gold. If there is enough momentum then will do trading.

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Quoting aahmad29

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{quote} Thanks but sorry I won’t be posting more charts because I have work tomorrow. If I finish early then will take a look at Gold. If there is enough momentum then will do trading.

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Quoting bishopdotun

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GBPJPY H1 Guppy & Double-top. {image}

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